# PPP loan: CHIPPEWA FALLS MOTORSPORTS, INC
> **$150K** approved 04/04/2020 · Paid in Full · Loan `4869767004`
## Borrower
- **Name:** CHIPPEWA FALLS MOTORSPORTS, INC
- **Address:** 2452 HALLIE RD, CHIPPEWA FALLS, WI, 54729-5592
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 23
## Lender
- **Originating:** 1st United Bank
- **Servicing:** 1st United Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*